Tencent, the operator of Chinese language social media app WeChat, is launching a blockchain accelerator.
Announced on the corporate’s web site on April 29, the “Tencent Industrial Accelerator” is open to each early-stage and mature blockchain startups, with a complete of 30 locations out there.
To qualify, initiatives should have not less than one financing spherical behind them. Purposes are being accepted till June 6.
What does the accelerator supply?
Tencent’s blockchain accelerator will concentrate on a wide range of recruitment areas together with industrial blockchain options and blockchain functions for information sharing, provide chain financing and digital asset transactions.
Different recruitment areas will concentrate on blockchain for sectors resembling authorities affairs, power, schooling, logistics, manufacturing, agriculture and public welfare.
Profitable candidates might be given 4 mentoring conferences all year long, a number of trade networking and enterprise alternatives, and entry to Tencent’s blockchain-as-a-service platform. They may also have an opportunity to make an abroad go to linked to their blockchain trade space of curiosity.
Growth areas of curiosity remoted in Tencent’s announcement embody sensible contract safety, trusted id and computing options, multi-party governance mechanisms and consensus algorithms.
Shortlisted initiatives might be introduced for a second spherical of judging on the finish of June. The associated fee per individual for participation within the accelerator might be 100,000 RMB — simply over $14,000.
The nationwide scope of Tencent’s blockchain improvement
As not too long ago reported, Tencent’s digital financial institution WeBank has introduced plans to combine the sensible contract Digital Asset Modeling Language for the consortium blockchain “FISCO BCOS” — the chain that can undergird China’s nationwide Blockchain-Primarily based Service Community (BSN).
BSN launched for business functions earlier this month, six months after it was first rolled out for testing.
Alongside WeBank, Tencent Cloud, Huawei and Shenzhen Securities Communication are all founding members of the FISCO BCOS blockchain platform.
